International Economic Policies in a Globalized World

The papers in this volume study political-economy aspects of policies associated with globalization: while globalization has generated efficiency gains, the resolution of the associated domestic income-redistribution consequences has in general involved political processes. The papers are divided into two groups, with the first group being concerned with issues of trade policy and the second considering policies with regard to immigration, the environment, foreign aid and competition. As a group, the research papers in the first part of the volume not only cover key trade policy issues that are driven by the globalization process but also provide a comprehensive review of the modeling approaches of endogenous trade policy theory. TOC:Introduction.- Part I: The Political Economy of Trade Policy: Endogenous Distribution and the Political Economy of Trade Policy.- Lobbying for Tariff Protection: the Case of Bertrand Rivalry.- The Value of Multilateral Trade Liberalization and the Need for Third-Party Sanction.- Commercial Culture, Political Culture and the Political Economy of Trade Policy: The Case of Japan.- Protection and Jobs: Explaining the Structure of Trade Barriers Across Industries.- Part II: The Political Economy of International Relations: Unemployed Immigrants and Voter Sentiment in the Welfare State.-Strategic Emission Tax-Quota Nonequivalence Under International Carbon Leakage.- Allocation of Aid Between and Within Recipients: A Political Economic Approach.- Optimal Competition Policy in a Model of Vertical Production Chain.- Some Economics of Parallel Imports and Trade Policy.